QQQ PowerShares QQQ Weekly Chart Analysis: 2026-May-08 07:05 CT

Price Action

• Last: 699.83,
• Bars: Large,
• Mom: fast.

WSFG Weekly

• Short-Term
• WSFG Current: NA%
• F0%/NTZ' Bias: Price Neutral,
• WSFG Trend: Neutral.

MSFG Month May

• Intermediate-Term
• MSFG Current: NA%
• F0%/NTZ' Bias: Price Neutral,
• MSFG Trend: Neutral.

YSFG Year 2026

• Long-Term
• YSFG Current: NA%
• F0%/NTZ' Bias: Price Neutral,
• YSFG Trend: Neutral.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: UTrend,
• (Intermediate-Term) 2. HiLo Trend: UTrend,
• 3. Pvt. Evolve: Pvt High 701.24,
• 4. Pvt. Next: Pvt Low 548.96,
• 5. Levels R: 701.24,
• 6. Levels S: 555.60, 422.67, 413.07, 342.35, 285.19.

Weekly Benchmarks

• (Short-Term) 5 Day: 636.59 Up Trend,
• (Short-Term) 10 Day: 612.83 Up Trend,
• (Intermediate-Term) 20 Day: 614.76 Up Trend,
• (Intermediate-Term) 55 Day: 583.94 Up Trend,
• (Long-Term) 100 Day: 541.54 Up Trend,
• (Long-Term) 200 Day: 446.27 Up Trend.

Overall Rating

• Short-Term: Bullish,
• Intermediate-Term: Bullish,
• Long-Term: Bullish.

Key Insights Summary

QQQ is pressing into the top end of its weekly structure after a strong recovery leg and a fresh push to a new pivot high at 701.24. The weekly swing framework remains in UTrend across both pivot and HiLo measures, while price holds well above all benchmark moving averages from the 5-day through the 200-day, keeping the broader trend sequence firmly constructive. The chart shows a trend-continuation profile with earlier pullbacks being absorbed above rising support, followed by a renewed impulse higher into the upper resistance zone. The current position near the highs reflects strong directional momentum, with the swing map still dominated by higher highs and higher lows across the intermediate and long-term cycle.